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The Boston Planning & Development Agency (BPDA) has approved the latest phase of Core Investments, Inc. On the Dot project in South Boston's Andrew Square. This phase will transform a 21-acre industrial site near the Andrew Square MBTA Station into a vibrant mixed-use area featuring 3 life-science and office buildings and 2 residential buildings. These include a 16-story building with 237 market-rate units and a 7 story senior housing building with 94 units. Overall, the project encompasses approximately 1.4M SF in this phase as part of the larger 3.8M SF development. When complete, On the Dot will comprise 11 buildings and provide 1,450 apartments, 17% of which will be affordable, alongside 2.9 acres of open space. This development represents a transformative revitalization of this former industrial hub into a dynamic residential and commercial district. #tod #bpda #bostondevelopment #southboston VHB Halvorson | Tighe & Bond Studio Howard Stein Hudson Stantec https://lnkd.in/eRSYRQj2

Plano's Collin Creek Redevelopment: A New Chapter Begins Plano's Collin Creek area is on the brink of a transformative phase, with the project gearing up for vertical development. Here's the latest on this ambitious redevelopment: Vertical Development on the Horizon: The $1 billion, 100-acre mixed-use project, which will replace the former Collin Creek mall, is preparing to go vertical, marking significant progress in the site's transformation. First Homes Delivery in 2024: Builders Ashton Woods, Brightland Homes, and Mattamy Homes are set to start construction on the first of 500 single-family homes, with the initial homes expected to be completed by spring 2024. This phase includes a variety of housing options, from townhomes to single-family homes. Overcoming Development Challenges: The project has navigated complex challenges, including the construction of massive underground storm drains and a $67 million parking garage. These infrastructural developments are critical for supporting the upcoming residential, retail, and commercial spaces. Comprehensive Mixed-Use Space: Beyond housing, the redevelopment will feature 2,300 apartments, a hotel, office spaces, and a central park, making it one of the nation’s largest repurposed mall sites. The Collin Creek redevelopment is a significant step towards urban renewal in Plano, promising to create a vibrant, mixed-use community in the heart of the city. https://lnkd.in/gG4pUxTT #landsales #landinvestment #dfwrealestate #DFWRealEstate #CREInvestment #MarketLeadership #RealEstateTrends

**UPDATE**The Telus Boot, a landmark office tower in #burnabyrealestate , is set to be transformed into residential towers as part of the Central Park Commons development project. The redevelopment plan, approved by the City of Burnaby, involves constructing five towers in two phases. The first phase includes two market rental apartment buildings of 31 and 38 stories, while the second phase will feature three strata high-rise residential buildings.

A new Lichfields report sheds light on the future of UK town centres, presenting a roadmap for the revitalisation and repurposing of vacant or underutilised buildings. Entitled “Out with the Old, In with the New”, the report arrives at a critical juncture for high street retailing, offering essential insights for landlords, investors, and local authorities grappling with the challenges of envisioning the future of the nation’s high streets. See full Construction Industry News UK article: https://lnkd.in/eCKfHqU7

#Developer acquires 296-unit #affordable #housing complex in #Corona, #Queens #Developer Slate Property Group recently closed on Queenswood Apartments, a 296-unit complex in Corona, #Queens, constructed in 1990, that had been facing the expiration of its two building’s #affordable 421A #housing program. Located at 54-09 and 54-39 100th Street, the pair of eight-story buildings will now see affordability extended for 40 years and deepened through the efforts of Slate, the New York City Housing Development Corporation, and the NYC Department of Housing Preservation & Development. Slate plans on making #renovations to the complex that will boost #sustainability, including new roofing, solar panels, insulation, and upgrades to existing kitchens and bathrooms. Additionally, under the new affordability agreement— known as Article XI, current residents will remain in place at their existing legal rents. Upon #re-rental, qualifying tenant incomes and rent-stabilized apartments will be lowered from 80 to 180% of the area median income (AMI) to just 30 to 100% of AMI. “That means families of three earning as little as $38,000 will be able to qualify for units, compared to a minimum of roughly $100,000 today,” notes a press release. Source: https://ow.ly/unK050Plyhz #BASTET #CANADA #AUSTRALIA #USA #BRITISHCOLUMBIA #ONTARIO #MANITOBA #ALBERTA #QUEBEC #NEWSOUTHWALES #NEWYORK #WASHINGTON #VANCOUVER #RICHMOND #BURNABY #SURREY #COQUITLAM #TORONTO #MISSISSAUGA #SYDNEY #PARRAMATTA #SEATTLE #ACBIM #ADABIM #ACPBIM #ABA #COORDINATION #VALUEENGINEERING #PEERREVIEW #CONSTRUCTIONPLANNING #PROJECTMANAGMENT #REALESTATE #DEVELOPMENT #CONSTRUCTION #DESIGN #RISK #PROJECTS

The public will have opportunities to learn more about a proposed large project on a busy Delta corridor that what could be a transformative mixed-use development for the city. The proposal includes more than 100,000 square feet of office space, about 70,000 square feet of commercial space and four residential towers of up to 32 storeys with 876 housing units. #commercial #industrial #investment #growth #canadianrealestate #royallepagecommercial #royallepagecanada #vancouver #ontario #ameenawlagroup #commercialdevelopment #commercialbrokers #forsale #retailrealestate #seniorliving #rentalapartments #apartmentliving #propertiesforsale #bestblock #opportunity #developmentopportunity #commercialbroker #highrise

#Developer acquires 296-unit #affordable #housing complex in #Corona, #Queens #Developer Slate Property Group recently closed on Queenswood Apartments, a 296-unit complex in Corona, #Queens, constructed in 1990, that had been facing the expiration of its two building’s #affordable 421A #housing program. Located at 54-09 and 54-39 100th Street, the pair of eight-story buildings will now see affordability extended for 40 years and deepened through the efforts of Slate, the New York City Housing Development Corporation, and the NYC Department of Housing Preservation & Development. Slate plans on making #renovations to the complex that will boost #sustainability, including new roofing, solar panels, insulation, and upgrades to existing kitchens and bathrooms. Additionally, under the new affordability agreement— known as Article XI, current residents will remain in place at their existing legal rents. Upon #re-rental, qualifying tenant incomes and rent-stabilized apartments will be lowered from 80 to 180% of the area median income (AMI) to just 30 to 100% of AMI. “That means families of three earning as little as $38,000 will be able to qualify for units, compared to a minimum of roughly $100,000 today,” notes a press release. Source: https://ow.ly/SKeR50Plyhy #BASTET #CANADA #AUSTRALIA #USA #BRITISHCOLUMBIA #ONTARIO #MANITOBA #ALBERTA #QUEBEC #NEWSOUTHWALES #NEWYORK #WASHINGTON #VANCOUVER #RICHMOND #BURNABY #SURREY #COQUITLAM #TORONTO #MISSISSAUGA #SYDNEY #PARRAMATTA #SEATTLE #ACBIM #ADABIM #ACPBIM #ABA #COORDINATION #VALUEENGINEERING #PEERREVIEW #CONSTRUCTIONPLANNING #PROJECTMANAGMENT #REALESTATE #DEVELOPMENT #CONSTRUCTION #DESIGN #RISK #PROJECTS

In addition to a rental housing shortage, the U.S. has many older commercial buildings that are now vacant. Adaptive reuse may be the solution to both. Some discussion has focused on the conversion of offices into condominiums or apartments. However, this trend is easier envisioned than done.                                  Factors such as building age, size, configuration, location, and more, indicate that only 3 to 5% of buildings have conversion potential. Successfully redeveloping commercial property may, however, be a worthwhile investment for CRE owners able to strategically identify the best targets for reuse.   One of the most popular buildings in KBS’ portfolio, Salt Lake Hardware Building in Utah is fully leased and is a great example of adaptive reuse and its ability to contribute to neighborhoods and urban development. Built in 1909 as “The place for all things hardware,” the five-story, 210,938 square-foot warehouse was converted to an office building in the 1990s with a careful eye to maintaining its original look and spirit.   Read the full blog article here > https://lnkd.in/gRue5-Wi   Learn more about Salt Lake Hardware Building: https://lnkd.in/gBrwcDjc   CBRE | David Robertson | Nadia Letey | Diana Brumett | Roman S. Bernardo | Jami Larson #CommercialRealEstate #KBS #Office #AdaptiveReuse #Trends #OfficeConversion #RentalHousing #Redevelopment #Strategy #Sustainability #Market

Justin Sayers, Austin Business Journal. Mark IV Capital's "The District" project in Round Rock, Texas, is back on track after eight years, now expanded to a $500 million investment covering 3 million square feet. Originally planned as a 66-acre development, it has more than doubled in size. With approval from the Round Rock City Council, construction could start by early 2025. Changes include delaying office space construction due to post-pandemic work trends and focusing on a multifamily building and infrastructure initially. The project aims to create an urban village with amenities, contributing to Round Rock's growth and generating significant tax revenue over the next two decades. It's set to become a prominent feature in the Austin metro area alongside other large-scale projects in the region. #thedistrict #roundrock #realestatedevelopment #mixeduseproject #infrastructure #economicgrowth #texasdevelopment #urbanvillage #commercialrealestate #communitydevelopment #roundrocktx #austinmetro #construction #propertyinvestment #jobcreation #cityplanning #urbanrenewal #localgovernment #businessgrowth #investmentopportunity

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